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Vip status

With the way things work right now I would consider 1 million platinum points to be worth about 1,250,000 regular points+ $1400 in Guest Certificates+ $500 in Transaction and HK.
 
cayman01 said:
Absolutely true. My model assumes that is absolutely going to happen. Kind of like a climate change model....
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Thats the question, isnt it? Can we still count on discounts and upgrades on all our reservations, under the new rules.

If you are right and the answer is yes, Id be surprised. If Im right and the answer is no, a VIP account isnt worth squat
 
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Very true and I'm counting on it to be right.
 
Nomad34 said:
Very true and I'm counting on it to be right.
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I can't imagine what makes you a "glass half full" person.

I don't see any way (and from off-line conversations, neither does Ron Parise) that it will be economical to acquire VIP benefits and Presidential Reserve benefits. The question for me and many others is, since we are already VIP/PresRes owners, is there a way to make it profitable, even if only marginally so. I don't think there is.

Concentrating on high-demand weeks is certainly a useful strategy. It may be possible to rent Mardi Gras, Daytona 500, Bike Week, NCAA or professional championship event weeks and make a couple bucks with no discount or upgrade. Since it is just my wife and me on our account, the limit for reservations is two per event, unless I make reservations with other names listed as guests, knowing it will cost me $99 down the line.

Our only hope is that Wyndham never figures out how to implement the auto-upgrade feature and gives up trying. Even then, experience with canceled reservations reappearing in inventory has not been promising so I don't see cancel/re-book/upgrade ever becoming what it was.

Personally, I'll probably try to stick it out through 2018 (since I'm already out of 2018 points) and make a decision about divesting most of my Wyndham ownership, keeping a couple million points for our own use and an occasional rental at or near cost.
 
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Im taking a wait and see approach too.

When I started this thing it was right after the last round of anti renter rule changes. Conventional wisdom was that it was impossible to build a rental business. and yet there were a lot of us that figured it out

I think the same thing will happen now. Someone will figure it out.
 
55plus said:
Or, buy someone's VIP ownership with terms (a contract) that they stay on as an 'owner' that gives you full control, ownership ad releases the original 'owner' from any liability. Add your name to the deeds or trust. You'll need a quit claim deed adding you to the deed if it's deeded and process it through Wyndham. Also have a quit claim deed prepared to remove the original 'owner' for when it's time to leave the program (sell). You may have to pay a little more to the owner to do it this way, but it may be worth it to all involved.
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This is what I found interesting but need to know more about this. I have heard this is possible from others so I will continue to learn more.
 
Hi Ron, I have seen your name everywhere on this forum and wanted to ask if you happen to know if I ended up having a platinum account (through developer purchases which I would join onto someone else's deeds) and then purchased resale onto that same account..will those points inherit the Platinum benefits (under the new system)?

Jenny
 
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JT1989 said:
Hi Ron, I have seen your name everywhere on this forum and wanted to ask if you happen to know if I ended up having a platinum account (through developer purchases which I would join onto someone else's deeds) and then purchased resale onto that same account..will those points inherit the Platinum benefits (under the new system)?

Jenny
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They will be treated to VIP status but will not inherit that status. So, for example, if you bought a million resale points and put it into a Platinum account they would enjoy the same benefits as the Platinum points, BUT if you sold the Platinum eligible points in the account the points you bought lose all VIP status.
 
Thanks Cay, that is very helpful to know.
 
Decided to stay with my Silver status until I find out what the "trust" does this year as no one has any idea of any split taking place. Enjoying cancel and rebook for now. I am told "Ovations" is my only out but am still unwilling to take it.
 
Nomad34 said:
Decided to stay with my Silver status until I find out what the "trust" does this year as no one has any idea of any split taking place. Enjoying cancel and rebook for now. I am told "Ovations" is my only out but am still unwilling to take it.
Click to expand...

For those people having problems with the Cancel Re-book process, can you share how you are making it work. Are your units that are being cancelled returning to inventory within 20 minutes or so?
 
I checked for two br in Sept for the three days I had scheduled but found only two days available so I cancelled the three day lbr stay, requested auto upgrade a day early and found all complete the next day. I don't check to see when my cancellations return to inventory so I will start.
 
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